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On Jan. 27, the company announced that SkyDrive is changing its name to OneDrive, in a move that calls to mind the company's sweeping "One Microsoft" reorganization and the company's "all-in-one" video and entertainment console, the Xbox One. "We believe the new OneDrive name conveys the value we can deliver for you and best represents our vision for the future," Ryan Gavin, general manager of Microsoft's Consumer Apps & Services unit, wrote in a blog post.

Hinting at the legal issues the company encountered last year, Gavin wrote that "changing the name of a product as loved as SkyDrive wasn't easy." Justice Sarah Asplin of the England and Wales High Court ruled in BSkyB's favor on July 28 in its court fight over the SkyDrive brand.

Further reading

Asplin cited consumer confusion as one of the key factors in her decision. In her judgment, she stated, "If one undertakes a global assessment, there is every reason to conclude that there is a likelihood of confusion in the average consumer in the sense that there is a risk that the public might believe that the services come from the same undertaking or one which is economically linked."

The companies later announced that they had reached a settlement agreement in which Microsoft would continue to use the SkyDrive brand for its cloud storage platform. "Sky will allow Microsoft to continue using the SkyDrive name for a reasonable period of time to allow for an orderly transition to a new brand," said the companies in a press statement. The terms of the deal were not disclosed.

Now, Microsoft is alerting both consumer and business SkyDrive users to "to be able to experience the new OneDrive soon," said Gavin.

"For current users of either SkyDrive or SkyDrive Pro, you're all set. The service will continue to operate as you expect and all of your content will be available on OneDrive and OneDrive for Business, respectively, as the new name is rolled out across the portfolio," added Gavin.

Currently, the OneDrive home page tells visitors that the service is coming soon. Billed as the "One place for everything in your life," OneDrive will offer more than a rebranded SkyDrive experience, suggested Microsoft. "Get ready for an even better place to store and share your favorite things across all your favorite devices," reads the new Website.